* Plan makes human, environmental use equal priorities

* $11 bln bond could fund dam, environmental restoration

* California, environmental leader, lags in water

(Adds conservation plan, canal details, more comment)

By Peter Henderson

OAKLAND, Calif., Nov 4 (Reuters) - California legislators on Wednesday struck a truce in their water wars that could set off the biggest spending spree on water in half a century and aims to satisfy environmentalists, unemployed farmers and the cities of Los Angeles and San Francisco.

The theme of the package is that human and environmental uses of water are equal priorities.

But critics, including the environmental group the Sierra Club, have called the bills and an $11 billion bond a pricey sham that left a new council to govern the largest estuary on the West Coast without funding or power. They said it would spark more fighting. [ID:nN0468673]

The most populous U.S. state is also one of the driest with high demand for water from rice farms and fruit and vegetable crops to Silicon Valley microchip plants.